The 10-Year Yield Sits at 5.00%: Tom Essaye Quoted in Barron’s
10-Year Treasury Yield Hovers Around Milestone 5% Level, Adding Pressure to Stocks
“The 10-year yield sits at 5.00% as of this writing. And the higher it goes today, the lower stocks will likely fall,” said Tom Essaye, founder of Sevens Report Research. “Today, any progress on electing a Speaker of the House will be welcomed by the markets and likely push yields lower.”
The recent, dramatic march higher in yields has added significant headwinds for stocks. Because higher returns on risk-free government debt tend to dampen demand for riskier bets, such as equities.
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